Performance Report Based on Budgeted and actual Levels of Production Bowling Company budgeted the following amounts: Vanable costs of production: Direct materials 3 pounds @ $0.60 per pound Direct labor 0.5 hr. @ $16.00 per hour VOH 0.5 hr. @ $2.20 FOH: Materials handling $6,200 Depreciation $2,600 At the end of the year, Bowling had the following actual costs for production of 3,800 units: Direct materials $6,800 Direct labor 30,500 VOH 4,200 FOH: Materials handling 6,300 Depreciation $2,600 Required: 1. Calculate the budgeted amounts for each cost category listed above for the 4,000 budgeted units. 52,400 2. Prepare a performance report using a budget based on expected production of 4,000 units. Enter a favorable vanance as a negative number using a minus sign and an unfavorable variance as a positive number and if there is no entries enter "o" then select for "Not applicable" Bowling Company Performance Report Actual Budgeted Variance 3,800 4,000 Favorable Unfavorable Not applicable Units produced Direct materials Direct labor Variable overhead Fixed overhead: Materials handling Depreciation Total a 3. Prepare a performance report using a budget based on the actual level of production of 3,800 units. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number and if there is no entries enter"0" then select for "Not applicable Bowling Company Performance Report Actual Budgeted Variance Units produced Favorable Unfavorable Not applicable Direct materials Direct labor Vanable overhead Fixed overhead: Materials handling Depreciation 28 Total